Bonus depreciation elections button

Use the Bonus Depreciation Elections tab to select the asset classes that are electing out of the bonus depreciation deduction per IRS Code section 168(k) or 1400N.

Onvio Fixed Assets will calculate the additional depreciation for a qualified asset depending on whether the asset's class follows section 168(k) or 1400N, or whether you elected it out. Whether or not you took current or prior depreciation will also affect how additional depreciation calculates.

  1. To open this tab, open a Fixed Assets project, then choose the Settings button.
  2. Select the Bonus Depreciation Elections tab.
  3. Using the checkboxes that are available for each asset class, you can choose how to elect out of the bonus depreciation for qualified assets for the selected year.

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